Guideline Value for Subasri Nagar 2nd Street

Subasri Nagar 2nd Street guideline value

The current guideline value of Subasri Nagar 2nd Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Subasri Nagar 2nd Street has changed

In the 2012 revision, the guideline value was Rs 3,600 per sq.ft. This figure was then revised to Rs 2,412 per sq.ft in 2017, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 3,600 per sq.ft in 2023, and then to Rs 3,960 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

The guideline value for Subasri Nagar 2nd Street has no figures recorded for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen an increase of 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the guideline value of Subasri Nagar 2nd Street.

• Subasri Nagar 1st Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 3rd Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 4th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 5th Street: Rs 3,960 per sq.ft (2024)
• Subasri Nagar 6th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Subasri Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Subasri Nagar 2nd Street?

The Sub Registrar Office that covers Subasri Nagar 2nd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Porur

The guideline value is a crucial factor when registering property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the prevailing rates in the area. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Subasri Nagar 2nd Street?

The current guideline value of Subasri Nagar 2nd Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then increased to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification of Subasri Nagar 2nd Street?

Subasri Nagar 2nd Street is classified as Residential Special Type - I.

Which office handles property registrations in this area?

The Kunrathur Sub Registrar Office handles property registrations for Subasri Nagar 2nd Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator available online.